Advanced Plan account

Synopsis:

Our clients love their children and are concerned about their future lives, that is why they choose Zinov Ventures Limited Advanced Plan accounts to help them save and prepare for what lies ahead. Our clients use the funds from these accounts to send their children to the right college or university when the time comes, or to ensure that they are well provided for in case the unimaginable happens. Our Advanced Plan accounts are available for children under 18 years of age, and require a minimum opening deposit of $5,000 or equivalent available currency (Euro and Pound Sterling) amount, and will earn handsome sums in interest. Our Advanced Plan accounts are structured so that the interest is added to the deposit amount annually and paid along with the deposit amount when the child turns 18. We created these accounts to provide our clients with profitable financial vehicles to improve their children's futures. Along with the peace of mind that accompanies the knowledge that they are saving for their children, our Advanced Plan account holders have the clear sense of security that their children will be supplied with funds in the case of a tragic event. This reassuring information makes our Advanced Plan accounts attractive financial vehicles for our clients with minor children.

Procedure:

The account is opened and the money is deposited in an Advanced Plan account is initiated by parents, legal guardians, or another legal representative only, and is unavailable for withdrawal until the child turns 18 years of age. Any child under 18 years of age can have an Advanced Plan account in any amount greater than $5,000 (or the equivalency in EUR or GBP).

The average age range for opening Advanced Plan accounts is between 2 and 18 years. Deposits cannot be placed for a child older than 16 years of age. If the child is 12 years old at the time the account is opened, the depositor and the child can withdraw the money with interest in 6 years, or on or after the 18th birthday of the child. The longer the account is open, the more benefits are available, and the greater the amount will be upon withdrawal.

Advanced Plan accounts are non-continuing deposit accounts, meaning that clients can deposit a static amount in the form of a lump sum deposit or choose to make monthly installment deposits. Clients who choose to deposit funds for the child on a monthly basis within a single year will earn an additional 0.5% on their interest rate.

When the account matures, the deposit balance and the interest earned are automatically moved into a deposit account without a term until the titleholder (the child) claims the money. When the titleholder claims the money, as long as he or she is at least 18 years old and is accompanied by the parent, legal guardian, or legal representative that originally opened the account, he or she will be able to withdraw the funds. If the titleholder chooses this way, he or she can cash out the account and leave with the funds, or he or she can choose to transfer the deposit balance as well as the interest earned into one of our many profitable adult accounts in order to continue to grow their wealth.

Calculation:

Zinov Ventures Limited offers our clients the best interest rates for their children's deposit accounts. We provide our clients with compounding yearly interest on their deposits for the entire time the account is active. For example, if a parent deposits $5,000 for her child when he is born, that deposit earns 6.75% every calendar year (or on its yearly maturity date) until he turns 18. Because that 6.75% begins during the first year on $5,000, at the end of that year the interest earned will add on top of that original $5,000, and the next year's interest will begin building on that new amount (compounding interest). That pattern will continue for 18 years, allowing the child to withdraw the $5,000 deposit as well as that deposit's 18 years of compound interest on his 18th birthday as one lump sum.

Calculate Your Earnings

Currency

How much do you plan to deposit?

5000 USD

Select your CD Term

2 years

Current APY*

%

Interest Earned

0.00 USD

Rates:

Our Advanced Plan accounts allow parents and guardians to save for their children in three currencies: The United States Dollar (USD), the Euro (EUR), and the Pound Sterling (GBP). Each currency has its own interest rate, and those corresponding interest rates are illustrated below:

The sooner a parent or guardian opens an Advanced Plan account, the more time the account will have to mature and grow. The longer the maturity period, the more interest compounded, resulting in larger account balances upon the child's 18th birthday.

Disclosures:

Zinov Ventures Limited encourages all of our clients who have children to consider utilizing an Advanced Plan account for them. There are no fees to open and maintain our Advanced Plan accounts, and the individual who opens the account chooses whether to deposit a lump sum upon commencement of the account or to make 12 monthly installments throughout the first year to deposit the required minimum amount. There are no penalties or extra charges if a monthly installment is missed, and the depositor can make multiple installment deposits in a single month as well. When opening an Advanced Plan account, customers will need to bring a copy of the concerned child's birth certificate as well as their own personal identification for verification.

The opening adult can observe all of the operations concerning the child's account at any time within the terms of the account, and the withdrawal of the deposit amount is allowed ONLY under the circumstances of documentable emergency needs of the child. There have been cases where a parent has needed to withdraw the deposit amount in order to pay hospital fees for the treatment of the concerned child's illness or injury. No interest is calculated to the child's deposit account if the account is closed before the maturity date.

Here at Zinov Ventures Limited we offer the Advanced Plan account so that we can help our clients protect and provide their children's futures. If you would like to find out more about our Advanced Plan accounts, or to open an account, please contact us at info@europroplim.com